The International Air Transport Association (IATA) on Monday said Nigeria is withholding a humongous $812million airline funds meant for repatriation. This comes as Africa's most populous country leads a group of five countries that account for 68% of all blocked payments globally. Willie Walsh, the Director-General of IATA, said this in a statement, adding that the airlines' funds prohibited from repatriation internationally climbed to $2.27 billion in April 2023. Bangladesh, Algeria, Pakistan, and Lebanon are the other four countries.
June 5, 2023Willie Walsh, the Director-General of IATA, said this in a statement, adding that the airlines' funds prohibited from repatriation internationally climbed to $2.27 billion in April 2023.
This comes as Africa's most populous country leads a group of five countries that account for 68% of all blocked payments globally. Walsh urged governments to find long-term solutions to ensure aviation industry maintain connectivity.
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